Associate, Third Party Risk Management & Governance

Job Description – Associate, Global Sourcing and Procurement (GSP), Third-Party Risk Management

Job Summary

PFI Innovation Centre India is an exciting new innovation center. We’re building a future that helps people live better lives longer— and we’re looking for bold thinkers and team players to help us do it.

Here, you'll tackle complex challenges, collaborate with brilliant minds across the globe, and grow your career while helping millions achieve financial security.

A PURPOSE DRIVEN COMPANY – 150 YEARS

While the PFI brand is new to India, you’ll be a part of the Prudential Financial, Inc. family. Founded in 1875 in Newark, New Jersey, we serve 50 million customers across more than 50 countries. With $1.334 trillion in assets, we're a global leader in institutional asset management. The 2nd largest life insurer in the US and the 9th largest institutional global asset manager.

At PFI Innovation Centre India, you’ll find a high-performance culture that’s flexible, collaborative and grounded in respect. We engage with candor, take calibrated risks, and hold ourselves accountable — always focused on delivering for our customers. It’s the standard we choose every day as we grow, perform, and win as one team.

We offer valuable leadership, mentoring and learning opportunities, paired with the flexibility and support to help you thrive.

Whether you're just starting out or ready to take your next step, we’ll help you grow with purpose and do the best work of your career.

The Associate, GSP, Third-Party Risk Management will support the Specialist and Manager across two primary functional areas: (1) Policy Documentation & Governance and (2) Monitoring & Analytics. This role helps ensure accuracy, transparency, and compliance with Global Sourcing & Procurement (GSP) policies, standards, and standard operating procedures across the company’s global operations.

The Associate will assist in drafting and maintaining documentation, conducting monitoring activities, compiling analytics, and preparing reporting used by leadership and risk committees. This role supports the company’s global governance model for sourcing, onboarding, assessing, contracting, managing, and terminating vendor relationships.

Key Responsibilities

Policy Documentation & Governance Responsibilities

• Assist in drafting, editing, and formatting GSP policies, standards, and SOPs.
• Maintain document libraries, templates, and version control.
• Ensure documentation reflects regulatory, audit, and business-driven updates.
• Support the tracking of policy publication workflows.
• Help prepare communication and training materials.
• Collaborate with Procurement, TPRM, Legal, Compliance, and Operational Risk teams to gather and verify requirements.

Monitoring & Analytics Responsibilities

• Execute monitoring and compliance testing following documented procedures.
• Record testing results accurately and ensure proper evidence retention.
• Compile data for dashboards, trackers, and scorecards.
• Support identification of trends and potential control weaknesses.
• Assist in preparing executive ready reports and presentations.
• Help track remediation activities with stakeholders.

Qualifications

• Bachelor’s degree required.
• 0–2 years of experience in Procurement, Risk & Controls, Compliance, Audit, Data Analytics, or related fields.
• Strong written communication skills with attention to clarity and accuracy.
• Basic analytical skills with ability to interpret data.
• Ability to collaborate in a global, matrixed environment.
• Strong organization, follow through, and attention to detail.
• Proficiency in Excel or basic reporting tools preferred.
• Familiarity with documentation or workflow tools (e.g., SharePoint, Confluence) preferred.
• Fluent in AI-enabled environments, using approved tools responsibly to improve throughput, accuracy, and insight while adhering to the company’s risk and governance standards. At a minimum, all GSP employees should be able to leverage AI tools to draft, extract, validate, and optimize content that is applicable to their respective function and utilize AI tools to consistently create new content, innovation, and idea generation.

Skills and Competencies

• Ensure accuracy and precision in documentation
• Apply analytical thinking to identify issues and trends
• Demonstrate strong risk and control awareness
• Deliver high quality reporting support
• Collaborate effectively across teams
• Communicate clearly and concisely
• Exhibit accountability and ownership
• Demonstrate curiosity and willingness to learn

Work Environment

• Hybrid in Gurgaon, India

Skills: procurement , risk & controls , compliance , audit , data analytics